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Transcript of Blockchain in Business Registry – must or nice to have? (ECRF Gibraltar 2018)

2h per day for commuting10h per week480h per year = 60 working days per year for commuting! Smart?Blockchain– must or nice to have?Ingmar Vali

Centre of Registers and Information Systemsingmar.vali@just.eewww.rik.eehttp://www.rik.ee/en/international/e-business-register Policy and regulation to support e-services

1. Electronic signature act

2. eID document policy- mandatory

3. Data exchange policy Gov2Gov

4. Legal act availability policy

5. E-residency for everyone!

ESTONIA

Country in Europe.• Estonia has a population of just 1.3 million but land is larger than Denmark or Holland.• The Estonian language. • In winter it gets very cold and we get plenty of beautiful snow. No, there are no polar bears in Estonia.

• Estonia is almost 50% forest.• Tallinn is our medieval capital and by far the biggest city, with a population of around 400,000.• Estonia has over 1,500 islands.• Public WiFi is FREE• Estonia is an e-country – most people use e-banking, pay parking with a mobile phone; pay taxes online; start company via internet; or even vote, online.

Blockchain- Must or nice to have?Must have for electronic registers!Strategic approach & regulationhttps://e-estonia.com/e-residents/about/https://www.riigiteataja.ee/en/https://www.riigiteataja.ee/en/eli/508072014007/consolidehttps://www.ria.ee/x-road/The Case of Business Register of EstoniaSmall country= small number of people.Government service is the same- big or small. Small countries need to be smart.Solution= ITBraking the ice to use e-servicesService desk is empty, users are onlineHome office for registrars!?CadastreAS-WASAS-ISE-services + e-signatures + blockchain = security & efficiencyProcessing time in 2005 ca 90 dayse-Notary interoperabilityProcessing time today ca. 5 daysRegistrarSecure data exchange platform:https://ervinal.eesti.ee/Cadastrehttp://xgis.maaamet.ee/maps/XGisMobile viewhttp://xgis.maaamet.ee/xGIS/XGisNext?More interoperabilityMore contentMore reuse3D map3D buildings

Mandatory to use Notary as a middleman in ownership transfer.PublicConclusionsLand Registry Once only principle!Maximum availability and securityVision #PaperfreePaper process

Long term archiving of documentsSolution:Time to repair - 15 days.Alternative use mobile-IDUpdate certificates from distanceUsing blockchain like technology8000 meters0 meters#blockchainhttps://cryptopreneurng.com/what-is-blockchain-technology/Blockchain implementation Stage 1 - Define the problemI want to know that no one has fraudulently or by accident changed the records in the Business Registry database. Possible fraudsters:

Implementation stage 3 - small scale pilotRegister of WillsHow to Ensure Data Integrity: Step 2 –Continuously Verify the State of Those AssetsLast will &Last WillStage 4: Business registry project and investment decisionStage 5: Public procurement and developmentStage 6: Implementation of the blockchain to Business registry IT-system.